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  • Relocation Loans

  • Work Relocation Services

     

    You’ve made a big decision choosing to relocate your family for your job. It’s a huge sacrifice. We know that the last thing you need is one more thing to think about. That’s why at Janus Mortgage we structured our Work Relocation Mortgage Program to ensure that your transition is easy and stress-free. We are uniquely positioned to help with work relocations because of our quick turn times, direct billing program, and variety of loan programs.

  • Understanding Trailing Income for Relocation Loans

     

    When relocating, your new job may come with a bonus, commission, or other variable income that isn’t immediately reflected on your paycheck. Lenders call this trailing income, and it can impact your ability to qualify for a mortgage.

    What is Trailing Income?

    Trailing income is income earned after the initial move or start date—for example:

    • Annual or sign-on bonuses
    • Commission or incentive pay
    • Stock options or profit-sharing
    • Overtime or irregular pay

    Since lenders base approvals on stable, verifiable income, trailing income may not be fully counted unless there’s a documented history or employer guarantee.

    Why It Matters for Relocation Loans

    If your expected income is mostly trailing, lenders may rely only on your base salary for qualification. This can affect:

    • Maximum loan amount
    • Debt-to-income ratios
    • Mortgage rate eligibility

    How to Handle Trailing Income Provide Documentation:

    • Offer past pay stubs, bonus history, or commission statements to demonstrate consistent earning patterns.
    • Employer Letters: A letter from your new employer outlining expected bonuses or commission schedules can help lenders consider future income.
    • Plan for the Base: Make sure your base salary alone is sufficient to cover mortgage payments and relocation costs.

    At Janus Mortgage, we understand the complexities of relocating borrowers. Our team works with you and your employer to verify trailing income and incorporate it into your loan approval whenever possible—so your new home and career transition can move forward smoothly.

  • Qualifying for a Relocation Loan: What You Need to Know

     

    Moving for work is exciting—but getting a mortgage during a relocation can be tricky. Lenders look for stability, documentation, and timing, all while you’re juggling a big move. Here’s how to stay ahead:

    ✔ Employment Verification Starting a new job? Lenders need proof of income and job stability. A signed offer letter, start date confirmation, and past income records can make all the difference in getting approved quickly.

    ✔ Timing Your Loan Relocation often comes with tight deadlines. Pre-approval or a loan commitment “subject to property” helps you act fast once you find your new home, keeping your move on schedule.

    ✔ Managing Relocation Expenses Moving isn’t just about your mortgage—there’s travel, temporary housing, and closing costs. Some employers can directly cover eligible expenses, which may reduce out-of-pocket cash needed at closing.

    ✔ Documentation Made Easy Lenders require recent pay stubs, tax returns, and proof of assets. Keeping documents organized—even while in transition—ensures a smooth underwriting process.

    ✔ Local Market Know-How Every region has its own housing market. Working with a lender familiar with relocation loans ensures your mortgage aligns with local home prices and regulations.

    With Janus Mortgage, our relocation loan program is designed to simplify this process. From pre-approvals to direct billing of eligible relocation benefits, we help you focus on your move—not your mortgage.

  • Program Highlights

    Loan Commitment

    We take the pre-approval one step further. With a loan commitment, your file actually gets underwritten (except for property) before you even find a home. This proves to buyers that you are serious and that you can close quickly. In this competitive marketplace, having a loan commitment ensures you’ll get your dream home once you find it. In a recent transaction, we had a buyer win a 5 person bid by using a loan commitment. They were the lowest bid.

    Direct Billing Program

    All eligible closing costs are billed directly to your company, meaning you bring less to the closing table.

    Variety of Loan Programs

    We help the first-time homebuyer, the military veteran, the home builder, and everyone in between. Our loan offerings include Conventional, FHA, VA, USDA, New construction, Jumbo, and more.

    We Work With All Companies

    Whether or not your company has had a previous relationship with Janus Mortgage, we can help.

  • FAQ – Relocation Mortgages

    Q1: What is a relocation mortgage? A relocation mortgage helps employees moving for work secure financing for a new home. It often includes features like early pre-approval, direct billing of relocation benefits, and flexible documentation for new employment.

    Q2: Can I get a mortgage before I find a home? Yes! Many relocation programs allow pre-approval or a “loan commitment subject to property,” so you can act quickly once you find your new home.

    Q3: How does my new job affect mortgage approval? Lenders require proof of income and job stability. A signed offer letter and past income documentation can help qualify, even if your new employment has just started.

    Q4: What is trailing income and can it be counted? Trailing income is bonus, commission, or variable pay earned after your move. Lenders may consider it if you provide a history or employer documentation.

    Q5: Can my employer cover closing costs? Yes! Many relocation programs allow employers to directly bill eligible closing costs, reducing your out-of-pocket expenses.

    Q6: What documents do I need for a relocation mortgage? Typically: employment verification, recent pay stubs or tax returns, proof of assets, and any documentation of relocation benefits from your employer.